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It's one, he argues, where finally finding agreement on a long-sought two-state solution to the Israel-Palestinian conflict should be a priority. The White House says Biden conveyed the same message directly to Netanyahu during a telephone call this past week. “It also means that when this crisis is over, there has to be a vision of what comes next, and in our view it has to be a two-state solution,” Biden said. In an updated version of the Foreign Affairs essay posted online, Sullivan wrote that the administration was “committed to a two-state solution." One presidential hopeful, biotech entrepreneur Vivek Ramaswamy, said Israel should feel free to abandon “the myth of a two-state solution."

Persons: ” Biden, Biden, Netanyahu, —, It's, Jake Sullivan, Sullivan, “, Israel’s, Aaron David Miller, ”, “ It’s, Biden's, Vivek Ramaswamy, Dennis Ross, George H, Bush, Bill Clinton, Ross, it’s, John Kirby, Israel, Rami Nashashibi, ” Nashashibi, Republican Donald Trump, Democrat Hillary Clinton, he’s, Bernie, Michelle L, Price Organizations: Middle, West Bank, Authority, Democratic, Republican, Republican Jewish Coalition, White House, Hamas, Israel, White, National Security, Gaza, Ministry, Inner, Muslim Action Network, Democratic Party, Arab, Michigan Democratic Party, Michigan, Democrat, Associated Locations: Israel, American, Gaza, Las Vegas, Biden's Israel, United States, Palestinian, U.S, Chicago, Eastern, Michigan

☆ World oil, gas, coal demand to peak by 2030, IEA says
▼ + stars: | 2023-10-24 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

The report from the IEA, which advises industrialised countries, contrasts with the view of oil producer group the Organization of the Petroleum Exporting Countries, which sees oil demand rising long after 2030 and calls for trillions in new oil sector investment. In its annual World Energy Outlook released on Tuesday, the IEA said peaks in oil, natural gas and coal demand were visible this decade in its scenario based on governments' current policies - the first time this has happened. "The transition to clean energy is happening worldwide and it's unstoppable. "Governments, companies and investors need to get behind clean energy transitions rather than hindering them." The IEA also sees China's role as a key source of energy demand growth changing.

Persons: Sun, Siphiwe, Fatih Birol, Alex Lawler, Jonathan Oatis Organizations: Kendal Power, REUTERS, International Energy Agency, Organization of, Petroleum, trillions, Energy, IEA, U.S, Thomson Locations: Kendal, Witbank, Mpumalanga, South Africa, Paris, China, OPEC

☆ Mike Johnson picked as new GOP speaker nominee just hours after Tom Emmer drops bid
▼ + stars: | 2023-10-24 | by ( Clare Foran Melanie Zanona Lauren Fox Manu Raju Haley Talbot Kristin Wilson Annie Grayer | Clare Foran | Melanie Zanona | ) edition.cnn.com time to read: +4 min

In the final round of secret-ballot voting, Johnson was elected speaker nominee with 128 votes. McCarthy received 43 votes, the next highest tally, and some House Republicans are blaming the California Republican for undercutting Johnson’s ascent. Members of Trump’s team also called GOP members and urged them to oppose Emmer for speaker, two sources told CNN. Leaving a GOP conference meeting Monday night, Emmer told CNN, “We have a good relationship,” when asked about Trump. “Right now, I think it is apparent to the American people that the GOP conference is hopelessly divided.

Persons: Mike Johnson, Kevin McCarthy’s, Johnson, Tom Emmer, Donald Trump, McCarthy, Jim Jordan, Jordan, Emmer, Trump, ” Trump, “, ”, Steve Womack, they’ll Organizations: CNN, GOP, Louisiana Republican, Minnesota, Republicans, California Republican, Ohio Rep, Wednesday, Republican, Social, House GOP, Trump Locations: Louisiana, California, Emmer, Arkansas

That was the discussion," Republican Representative Vern Buchanan told reporters. House Democrats and the White House have said they are open to that idea, but many Republicans rejected it. "At this point, we're not going to have any kind of other resolution on this," said Republican Representative Blaine Luetkemeyer. 2 House Republican Steve Scalise last week. One of those, Representative Drew Ferguson, said in a statement on Thursday: "The House Republican Conference does not need a bully as the speaker."

Persons: Jim Jordan, Russell Dye, Jordan, Vern Buchanan, he's, Kevin McCarthy, Patrick McHenry, we're, Blaine Luetkemeyer, Joe Biden, Leah Millis, Republican Steve Scalise, Drew Ferguson, McCarthy, shutdowns, Biden's, Biden, David Morgan, Makini Brice, Moira Warburton, Katharine Jackson, Nandita Bose, Davide Barbusca, Julio, Cesar Chavez, Andy Sullivan, Scott Malone, Nick Zieminski, Grant McCool, Deepa Babington Organizations: U.S . House, Republicans, Republican, Democrats, Democratic, Republican Conference, U.S, Capitol, REUTERS, AS, House Republican Conference, White, Thomson Locations: Ukraine, Israel, Washington , U.S, Washington

Jordan, who has lost two votes for speaker this week, emerged from an hours-long closed-door meeting with fellow Republicans to say he would press ahead with a third vote. It was not clear when the House would vote again on a speaker. House Democrats and the White House have said they are open to that idea, but many Republicans rejected it. He told fellow Republicans on Thursday that he would drop out of the speaker's race if his opponents were unmoved after talking with him, two lawmakers said. One of those, Representative Drew Ferguson, said in a statement on Thursday: "The House Republican Conference does not need a bully as the speaker."

Persons: Jim Jordan, Jordan, House Pro Tempore Patrick McHenry, Kevin McCarthy, Patrick McHenry, we're, Blaine Luetkemeyer, Joe Biden, Republican Steve Scalise, Drew Ferguson, McCarthy, shutdowns, Biden's, Biden, David Morgan, Makini Brice, Moira Warburton, Katharine Jackson, Nandita Bose, Davide Barbusca, Julio, Cesar Chavez, Andy Sullivan, Scott Malone, Nick Zieminski, Grant McCool Organizations: U.S . House, House Pro Tempore, Republicans, House Democrats, Democratic, AS, Republican, House Republican Conference, White, Democrats, Thomson Locations: WASHINGTON, Ukraine, Israel, Washington

Asked what he expected as he entered a closed-door meeting with other Republicans, Jordan said only, "I'm not gonna know until I talk to my colleagues." "I can't believe we're going down this route," Republican Representative Jim Banks said. AFTERNOON VOTE POSSIBLEThe House could vote on that proposal in the afternoon, said Republican Representative Marjorie Taylor Greene, who said she does not support it. "Right now the Republican agenda, conservative agenda, is totally derailed," said Republican Representative Mario Diaz-Balart, a Jordan opponent. 2 House Republican, won his party's endorsement last week but dropped out after he was unable to consolidate support.

Persons: House Pro Tempore Patrick McHenry, Jim Jordan, Republican Patrick McHenry, Jordan, McHenry, Kevin McCarthy's, Joe Biden, Jim Banks, Marjorie Taylor Greene, Donald Trump, Mario Diaz, Kevin McCarthy, Steve Scalise, Don Bacon, undercutting, Jordan's, shutdowns, Joe Biden's, Biden, David Morgan, Moira Warburton, Makini Brice, Katharine Jackson, Davide Barbusca, Julio, Cesar Chavez, Andy Sullivan, Scott Malone, Grant McCool, Nick Zieminski Organizations: House Pro Tempore, U.S . Rep, U.S . House, Representatives, Republican, Republicans, Democratic, U.S, White, Democrats, Thomson Locations: WASHINGTON, Washington, Ukraine, Israel

I haven't seen it like this before," said Republican Representative Brian Babin, who voted for Jordan. A small group of Republicans ousted McCarthy from the speaker's chair on Oct. 3, and the chamber's No. "We need a plan more than a person right now," said Republican Representative Bruce Westerman, who also voted for Jordan. Democrats and two past Republican House speakers have backed that idea, but McHenry himself has not. "Intimidating and threatening tactics do not - and will not - work," Republican Representative Mike Simpson wrote on social media.

Persons: Evelyn Hockstein, Jim Jordan, Donald Trump, Kevin McCarthy, McCarthy, Jordan, Brian Babin, Steve Scalise, Bruce Westerman, Patrick McHenry, Hakeem Jeffries, who's, MAGA, Jeffries, McHenry, you've, Steve Womack, shutdowns, Joe Biden's, Biden, undercutting, Mike Simpson, David Morgan, Moira Warburton, Makini Brice, Katharine Jackson, Andy Sullivan, Scott Malone, Grant McCool Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, Ohio, Republicans, Republican, Democrats, Lawmakers, White, Senate, Thomson Locations: Washington , U.S, U.S, Israel, Ukraine, Ohio, Washington

It was unclear whether he would be able to unite his party enough to prevail in a floor vote expected on Tuesday. In a letter to Republicans, Jordan acknowledged those differences and promised to prioritize military and spending legislation. It was unclear how many Republican lawmakers still opposed Jordan's bid, sources familiar with internal Republican discussions said on Monday. 2 House Republican Steve Scalise, who won the endorsement last week but then withdrew after he was not able to consolidate support. 3 House Republican Tom Emmer, conservative Representatives Kevin Hern and Byron Donalds as well as acting Speaker Patrick McHenry, who is presiding over the speaker election.

Persons: Jim Jordan, Republican Jim Jordan, whittling, Jordan, Kevin McCarthy's, Israel, Vern Buchanan, Republican Steve Scalise, Chip Roy, Erik Erickson, Andy Ogles, McCarthy, TRUMP, Donald Trump, John Boehner, Paul Ryan, Republican Tom Emmer, Kevin Hern, Byron Donalds, Patrick McHenry, David Morgan, Makini Brice, Moira Warburton, Susan Heavey, Katharine Jackson, Andy Sullivan, Scott Malone, Deepa Babington, Grant McCool, Nick Zieminski Organizations: U.S . House, Republican Conference, Republican, Republicans, WSB Radio, Caucus, Thomson Locations: WASHINGTON, Ukraine, Jordan, States

☆ Analysis: EUphoria! Poland election surprise spurs investor hope
▼ + stars: | 2023-10-16 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), delivers a speech after the exit poll results are announced in Warsaw, Poland, October 15, 2023. As Europe’s sixth-largest economy, a revitalised pro-EU attitude in Poland would be particularly welcome. The 66-year old Tusk and his pro-EU coalition allies may still have to wait weeks or even months though before getting a turn at forming a government. Duda has referred the issue at the heart of that row to a constitutional tribunal in Poland. The central bank though has slashed interest rates at its last two meetings as the election campaign burst into life.

Persons: Donald Tusk, Kacper, Poland's, Daniel Moreno, Mirabaud, PiS, Moreno, Hungary's Viktor Orban, Robert Fico, Tusk, Andrzej Duda, Duda, Viktor Szabo, Fitch, Szabo, Adam Glapinski, PiS ., Simon Quijano, Evans, Libby George, Karin Strohecker, Josie Kao Organizations: Civic Coalition, REUTERS, European Union, Law and Justice, European, EU, Brussels, PiS, Gemcorp, Ukraine, Reuters, Thomson Locations: Warsaw, Poland, Brussels, Europe, EU, Slovakia, Britain, London

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Oct 12 (Reuters) - Despite Israeli bombardment that has brought Gaza to the brink of a humanitarian meltdown, U.S. President Joe Biden is facing little pressure at home to rein in Israel's military retaliation for an unprecedented attack by Palestinian Hamas militants. Republicans have shown near-unanimity in backing whatever military action Israel decides to take after suffering the deadliest attack on its soil in decades. Though polls continue to show overwhelming sympathy for Israel among the overall U.S. public, a Gallup survey in March found that Democrats were slightly more favorable toward the Palestinians than Israel. Biden, an avowed lifelong friend of Israel, has pledged to provide Israel with all the assistance it needs. A White House official said Biden's aides have privately discussed their concerns with Israeli counterparts.

Persons: Joe Biden, Benjamin Netanyahu, Jonathan Ernst, Biden, Israel, excoriate, Gregory Meeks, Rashida Tlaib, Karine Jean, Pierre, ”, Antony Blinken, Netanyahu, Washington’s, Khaled Elgindy, Jeremy Ben, Ami, Matt Spetalnick, Patricia Zengerle, Jeff Mason, Simon Lewis, Steve Holland, Gerry Doyle Organizations: Israeli, White, REUTERS, Rights, Israel, Democratic Party, Republicans, Democratic, House Foreign Relations, American, White House Press, Gallup, Biden, AIPAC, Middle East Institute, Reuters, Thomson Locations: Israel, Washington , U.S, Gaza, Palestinian, U.S, New York, Washington, Washington . U.S, Saudi Arabia

[1/2] Shadow of the supporter is pictured during the election convention of Law and Justice (PiS) party, before Sunday's parliamentary elections, in Przysucha, Poland October 9, 2023. "It is the most important election we have this year in Europe," said Viktor Szabo, portfolio manager at asset manager abrdn, adding markets had not priced in scenarios such as a hung parliament or the possibility of an early election. Such a scenario would be a key positive for both the currency and Polish equities, said Anna Zadornova, an economist at UBS. "Ultimately there is a point where you need to yield to the economics and how things are going," said Kaan Nazli, a portfolio manager at Neuberger Berman. ($1 = 0.9461 euros)Reporting by Karin Strohecker and Marc Jones, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Viktor Szabo, Szabo, PiS, Daniel Wood, William Blair, Anna Zadornova, Banks, Morgan, Goldman Sachs, Adam Glapinski, Kaan Nazli, Neuberger Berman, Karin Strohecker, Marc Jones, Alexander Smith Organizations: Law, Justice, REUTERS, LONDON, abrdn, European Union, JPMorgan, Reuters Graphics EU, EU, liberal Civic Coalition, UBS, Poland's, Copley Fund, Reuters, Thomson Locations: Przysucha, Poland, Europe, loggerheads, Brussels, Romania, Hungary

BANGKOK (AP) — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market. Some of the strongest action was in the bond market, where Treasury yields eased after trading resumed following a holiday on Monday. The two-year Treasury yield, which moves more closely with expectations for the Fed’s actions, sank to 4.97% from 5.09%. Treasury yields had jumped last week to their highest levels in more than a decade, following the lead of the Fed’s main interest rate, which is at heights unseen since 2001. Traders are now betting on a nearly 73% chance that the year will end without any more Fed rate hikes, according to data from CME Group.

Persons: Australia's, They’ve Organizations: —, Bloomberg, Samsung Electronics, SK Hynix's, Investors, Federal Reserve, Dow Jones, Nasdaq, PepsiCo, Treasury, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Hong Kong, Shanghai, South Korea, India, Bangkok, Israel

☆ Brands shouldn't underestimate the truly disruptive force of Gen Z
▼ + stars: | 2023-10-09 | by ( Jackie Cooper | Gabe Gomez | ) www.businessinsider.com time to read: +5 min

The influence of Gen Z will not fade, it is driving long-lasting changes to the culture. Just look at the #artofnoticing trend on TikTok, in which Gen Z is posting vignette-style snapshots capturing beautiful, but rarely-emphasized, day-to-day moments. Gen Z is 3.5x more likely to buy from brands that commit to this issue. When we asked Edelman's Gen Z Lab about AI, a surprising majority admitted to being totally scared by it. Despite the micro and macro circumstances at play, Gen Z strives to combat inequality, climate change, and more.

Persons: Gen, Gen Z, Z, they've, Edelman's, Zers, it's, Jackie Cooper, Gabe Gomez

What started as a campaign event to promote support from Florida sheriffs ended with DeSantis skewering Trump in a series of rejoinders that make clear his intentions to recast the race around the former president’s perceived shortcomings. Still, the sharp-tongued attacks from DeSantis on Thursday were striking in what they signaled for the weeks ahead. DeSantis later questioned Trump’s fundraising numbers – which the Trump campaign announced Wednesday just hours after DeSantis released his. The Trump campaign reported it brought in more than $45.5 million during the period that spanned July 1 to September 30, compared to the DeSantis campaign’s $15 million. DeSantis has a super PAC that was seeded with nearly $83 million left over from his 2022 gubernatorial campaign.

Persons: Ron DeSantis, Donald Trump, DeSantis skewering Trump, DeSantis, “, Joe Biden, ”, Laura Loomer, John Kennedy, wouldn’t, Trump, ” DeSantis Organizations: CNN, Florida Gov, GOP, Trump Locations: Florida, Tampa, DeSantis, Mexico

TOKYO (AP) — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June. That pushed the Fed last week to say it will likely cut interest rates by less next year than earlier expected. Besides high interest rates, a long list of other worries is also tugging at Wall Street. On Wall Street, the vast majority of stocks fell Tuesday under such pressures, including 90% of those within the S&P 500. Big Tech stocks tend to be among the hardest hit by high rates, and they were the heaviest weights on the index.

Persons: shrugging, Hui Ka Yan, Australia's, ” Stephen Innes, Brent Organizations: TOKYO, Tokyo's Nikkei, Hang Seng, Bloomberg, Garden Holdings, Dow Jones, Nasdaq, Federal Reserve, Treasury, Fed, U.S, Management, Big Tech, Apple, Microsoft, Federal Trade Commission Locations: Asia, Hong Kong, Shanghai, China, Seoul, Maryland, Carolinas

☆ Amazon is facing a lawsuit from the FTC and 17 US states. They say it's stifling competition and keeping prices high.
▼ + stars: | 2023-09-26 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

Amazon is facing an antitrust lawsuit from the Federal Trade Commission and 17 states. The suit claims Amazon is leveraging its power to inflate prices and overcharge small sellers. The FTC has been gathering evidence for months to show how Amazon disadvantages sellers. Some of the agency's allegations in the Amazon case mirrors those made in a separate lawsuit last year by the state of California. The federal complaint follows other actions the FTC has taken against Amazon in the past few months.

Persons: —, biasing, Lina Khan, Khan, FTC's Khan Organizations: Federal Trade Commission, FTC, Service, Court, Western, of, Amazon, Institute for Local, Essentials . Booksellers, of Justice, Big Tech, Yale, District of Columbia, Amazon Prime Locations: of Washington, California

☆ Modern Masculinity Is Broken. She Knows How to Fix It.
▼ + stars: | 2023-09-24 | by ( David Marchese | ) www.nytimes.com time to read: +5 min

Talk Modern Masculinity Is Broken. Now, with her new book, “What About Men?” Moran turns her eye to what she sees as the limited and limiting discussions around modern masculinity. If I’m going to start talking about a difficult idea, I want to approach it in the most successful way possible. Part of the framing of your book is that there’s not enough discussion about young men’s struggling to adapt to changing ideas about masculinity. Men going: “Our lives have gotten materially worse since women started asking for equality.

Persons: Caitlin Moran, Moran, ” Moran, “, men’s, Beanie Feldstein, Caitlin Moran’s, you’ve, we’re, David Marchese, Alok Vaid, Menon, ordinariness, Joyce Carol Oates, Robert Downey Jr Organizations: The Times, IFC Films, Everett, The New York Times, WENN Rights, Marvel Locations: London

☆ Poland's arms spat with Ukraine has angered many in Europe, and it's only good news for Putin
▼ + stars: | 2023-09-23 | by ( Luke Mcgee | ) edition.cnn.com time to read: +7 min

A senior EU diplomat told CNN: “Ukraine already offered Poland a solution on grain. The country is currently trying to join both the EU and NATO, for which it has unanimous support. Most EU member states accept that in order to accommodate Ukraine, there will need to be substantial reform to how the EU operates. The final reason that officials across Europe are furious about this week’s events is that it hands Russian President Vladimir Putin a propaganda coup. Kremlin spokesperson Dmitry Peskov, when asked about the spat, used it to say “there are certain tensions between Warsaw and Kyiv.

Persons: Volodymyr Zelensky, Russia’s, Zelensky, Mateusz Morawiecki, Andrzej Duda, Angela Weiss, Wojtek Jargilo, ”, –, Poland –, Vladimir Putin, Dmitry Peskov Organizations: CNN, Ukraine, European Union, EU, Justice, UN, Getty, NATO, “, EU Commission, Kremlin Locations: Poland, Warsaw, Kyiv, Ukraine, Hungary, Slovakia, Europe, Polish, ” Poland, New York City, ”, Russia, EU, “ Ukraine, “, Brussels

☆ 3 ways the generative AI boom is upending the advertising agency business
▼ + stars: | 2023-09-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Here are some of the newest challenges agency leadership teams are discovering as they race to lead AI in advertising. Productivity gains from AI risk undercutting agency feesMany agency bosses have touted the productivity efficiencies AI presents to their companies — from creating lists of search keywords to making tedious work like cataloging invoices less time-consuming. Agencies haven't figured out what to do with the AI talent they've hiredMuch like heads of digital, heads of mobile, and heads of programmatic before them, agency heads of AI are now having their time in the sun. But once such AI talent is sourced, agencies are presented with another dilemma: Where in the organization should a "head of AI" sit? Most businesses have started with this being part of the chief technology officer or the IT department's responsibilities, said Ruben Schreurs, chief strategy officer at the marketing consultancy Ebiquity.

Persons: Nick Coronges, Coronges, waitlists, Lewis Smithingham, Smithingham, Ryan Kangisser, Forrester, Jay Pattisal, haven't, they've, Ruben Schreurs, Richard Robinson Organizations: Google, Nvidia, OpenAI, Microsoft, Big Tech, Productivity, Forrester, Xeim Engage

The new testimony comes as House Republicans begin an impeachment inquiry into President Joe Biden and his family, potentially undercutting one element of that effort. At issue is an October 2022 meeting between prosecutors and case agents working on the Hunter Biden investigation. But the deal fell apart amid scrutiny from a judge, and Weiss subsequently requested special counsel status. Shapley, a 14-year IRS veteran who oversaw parts of the Hunter Biden probe, alleged in testimony to Congress there was political interference in the investigation. Last week, CNN and others reported on Sobocinski’s testimony, which prompted Shapley’s attorneys to dispute his recollection of the October 2022 meeting.

Persons: Hunter, David Weiss, Weiss, Gary Shapley, General Merrick Garland, Hunter Biden, Joe Biden, Shapley, “, Shapley’s, Garland, ” Shapley, Joseph Ziegler, Department's, Hunter Biden Leah Millis, ” Thomas Sobocinski, ”, Darrell Waldon, Ryeshia Holley, “ Mr, Sobocinski, Mark Lytle, Tristan Leavitt, Justice Department “, ” Waldon, Gary, Waldon, ’, Holley, it’s, Michael Batdorf, CNN they’ve, Mark Daly, Jack Morgan, Suchat Pederson, –, Mathew Graves, Martin Estrada, ” Holley, Batdorf Organizations: Washington CNN, FBI, Internal Revenue, CNN, IRS, House Republicans, Republicans, Republican, DOJ, Justice Department, GOP, Congressional, District of Columbia, Central, Central District of, Mr Locations: Delaware, Baltimore, Washington, DC, Washington ,, California, Washington , DC, Wilmington , Delaware, Central District, Central District of California, Batdorf

☆ ‘Argentina on the Channel.’ Mark Carney and Liz Truss clash over UK economy
▼ + stars: | 2023-09-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —When Liz Truss was briefly Britain’s prime minister a year ago, the world’s sixth-largest economy came close to resembling Argentina, a country plagued by financial and economic instability. Truss and her Brexit-backing allies have long argued that lower taxes and fewer regulations — akin to Singapore’s approach — would help kickstart sorely needed growth in the UK. Britain, for its part, is battling stubbornly high inflation, feeble economic growth and a rising public debt burden, which is the costliest to service among rich economies. At the time, Carney, who was head of the Bank of England from 2013 to 2020, accused Truss’s government of “undercutting” the nation’s economic institutions. “Mark Carney is part of the 25-year economic consensus that has led to low growth across the Western world,” she said.

Persons: Liz Truss, Mark Carney, kickstart, Carney, “, Kwasi Kwarteng, Truss’s, undercutting, “ Mark Carney, ”, ” Truss, Olesya Dmitracova Organizations: London CNN, Bank of England, Institute for Government Locations: Argentina, United Kingdom, Montreal, Singapore, London

☆ Three Neighbors of Ukraine Ban Its Grain as E.U. Restrictions Expire
▼ + stars: | 2023-09-16 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

Hours after the European Union ended a temporary ban on exports of Ukrainian grain and other products to five member nations, three of them — Poland, Hungary and Slovakia — defied the bloc and said they would continue to bar Ukrainian grain from being sold within their borders. As Ukraine, one of the world’s largest grain exporters, has struggled to ship its grain because of Russia’s invasion, the European Union has opened up to tariff-free food imports from the country, a move that had the unintended consequence of undercutting prices in several eastern E.U. As part of a deal meant to protect those countries, the European Union allowed some grain to transit through them, but prohibited domestic sales. Brussels’ decision to let that deal expire at midnight on Friday revived an issue that has threatened European Union unity on support for Ukraine. Lawmakers in Bulgaria went in the other direction, agreeing on Thursday to resume imports of Ukrainian agricultural products, The Associated Press reported, saying the ban had cut into tax revenue.

Persons: Slovakia —, Istvan Nagy Organizations: European Union, Brussels, Ukraine, Lawmakers, Associated Press Locations: — Poland, Hungary, Slovakia, Ukraine, Poland, Bulgaria

☆ Witness Testimony Casts Doubt on Some Biden Impeachment Allegations
▼ + stars: | 2023-09-15 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

As Republicans plunge forward with an impeachment inquiry looking into a complex web of allegations against President Biden, his family and his administration, witnesses they have summoned for closed-door interviews in recent weeks have undercut or pushed back against some of their major claims. In testimony this month, three witnesses from the F.B.I. The emergence of fresh evidence this week undercutting Republicans’ claims against Mr. Biden is no coincidence. It suggests that, now that the G.O.P. has decided to plow ahead with a formal impeachment inquiry, the president’s allies, including Democrats on Capitol Hill who have access to the many investigative threads Republicans have pursued, have stepped up their efforts to reveal weaknesses in the case.

Persons: Biden, Biden’s, Hunter, Hunter Biden, Timothy R, Thibault, Republicans ’, Mr Organizations: The New York Times, Democratic, Republicans, Capitol

Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.

Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong

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